🔴 Ethereum Market ($ETH )
Current price: $2,807.05 (-1.73%)
📌 24-hour statistics
Highest price: $2,861.89
Lowest price: $2,716.04
Trading volume: 731,298 ETH ($2.05 billion)
Price range: $145.85 → Moderate volatility
📊 General technical overview
ETH is facing moderate selling pressure and is trading within a clear range between significant support and resistance levels. The large trading volume also indicates strong activity from institutional investors.
🔑 Critical price levels
Resistances
Immediate: 2,861 dollars
Strong: 2,985 dollars
Major: 3,454 dollars
Supports
Immediate: 2,716 dollars
Strong: 2,623 dollars
Critical: 2,516 dollars
📉 Market expectations and price movement
The current Ethereum movement shows several important technical signals:
Moderate decline: -1.73% reflects continued selling pressure
High trading volume: 2.05 billion dollars confirms institutional liquidity entry
Sideways trading: between 2,716 and 2,861 dollars
Weakness in the bullish structure: price is far from key resistances
🔮 Potential trading scenarios
🔼 Bullish recovery scenario
A breakout above 2,861 dollars could push the price to target 2,985 dollars as the next resistance.
🔽 Ongoing bearish scenario
Breaking the 2,716 dollars level could open the way for testing the next support at 2,623 dollars.
➖ Range continuation scenario
Extended consolidation between 2,716 – 2,861 dollars amid weak overall trend.
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📘 Final summary
ETH is trading clearly within a defined range, with key fundamentals highlighting:
1. Trading channel between 2,716 – 2,861 dollars
2. High trading volume despite price volatility
3. Significant distance from upper resistances
4. Testing strong support at 2,716 dollars
Maintaining the 2,716 dollars level remains crucial to prevent further decline towards 2,623 dollars.
Watch for any breakout on either side of the range (2,716 or 2,861 dollars) to determine the next short-term trend, especially with clear institutional activity.
